Delacroix, Alain; Shi, Shouyong - University of Toronto, Department of Economics - 2012
We study a large market with directed search and signaling. Each seller chooses an investment that determines the … selling sites. After observing sellers' choices of prices and sites, but not quality, buyers choose which price to search. The … seller's choices of prices and sites can direct buyers' search decisions and signal quality ex-ante. After matching, a buyer …